About a week ago, Reuters reported that Russia’s second largest bank, VTB Bank, had agreed to supply 15-20 tonnes of gold to China over the next 12 months. VTB also plans on increasing the amount of gold supplied to China over time, up to 80-100 tonnes. Without a doubt, the PBOC’s demand for gold now exceeds the 450 tonnes produced by China. This agreement with Russia underscores that view.
At the same time, it was apparent from yesterday’s post-FOMC presser with Janet Yellen that the Fed is backed into a corner with regard to its options on monetary policy. Anyone who believes that rhetoric about a “stronger economy” and a “tight labor market” has a calcified brain. Unless the Fed intends to let the financial system collapse, the only option left is to print more money.
We discuss both of these developments in this latest episode of the Shadow of Truth:
Mike Adams is now posting an INCREDIBLY FEAR-MONGERING article (even by my standards).
While I don’t go along with his “Trump the savior” worship, I completely agree with him that things have gotten so totally out of control that something outrageously insane is on the horizon VERY SOON!
CLAIM: Historic event to occur in the next six days that will end the rise of Trump and seize the future of America for totalitarian globalists
Either Trump or Hitlery (or both) to be assassinated?
FED stealthily walking back rate hike expectations … this is de-facto loosening, IMO …
“China Buys More Gold While The Fed Prints More Paper” , but I wonder what China is going to do with more gold? so far no results , they have to act somehow.
But Fed prints more as usual and nobody can do anything !$!
Selling gold by Russia to China looks like act of desperation , they must be short of money maybe.
Why China can’t buy futures on Comex and then after selling them , demand the physical gold and finish them off. The Market is crooked and must be changed.